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IAC Earnings Yield (Joel Greenblatt) %

: -16.69% (As of Jun. 2022)
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IAC's Enterprise Value for the quarter that ended in Jun. 2022 was $7,674 Mil. IAC's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $-1,282 Mil. IAC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was -16.69%.

The historical rank and industry rank for IAC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

IAC' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.74   Med: 6.05   Max: 15.31
Current: -18

During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of IAC was 15.31%. The lowest was -18.74%. And the median was 6.05%.

IAC's Earnings Yield (Joel Greenblatt) % is ranked worse than
81.85% of 606 companies
in the Interactive Media industry
Industry Median: 1.17 vs IAC: -18.00

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. IAC's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


IAC Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for IAC's Earnings Yield (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IAC Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
- - - 2.86 6.23

IAC Quarterly Data
Dec17 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.41 14.16 6.23 0.98 -16.69

Competitive Comparison

For the Internet Content & Information subindustry, IAC's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

IAC Earnings Yield (Joel Greenblatt) % Distribution

For the Interactive Media industry and Communication Services sector, IAC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where IAC's Earnings Yield (Joel Greenblatt) % falls into.



IAC Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

IACs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=764.07/12256.31881
=6.23 %

IAC's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,282 Mil.



IAC  (NAS:IAC) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


IAC Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of IAC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


IAC Business Description

IAC logo
Industry
Traded in Other Exchanges
Address
555 West 18th Street, New York, NY, USA, 10011
IAC/InterActiveCorp is an Internet media company with segments that include Angi, Dotdash, search, emerging and other. The firm spun off the narrow-moat dating app provider Match Group in second-quarter 2020 and the no-moat video software provider Vimeo in second-quarter 2021.
Executives
Halpin Christopher officer: EVP & CFO IAC/INTERACTIVECORP 555 WEST 18TH STREET NEW YORK NY 10011
Handler Kendall officer: SVP & General Counsel IAC/INTERACTIVECORP 555 WEST 18TH STREET NEW YORK NY 10011
Moore Westley director 325 WEST HURON STREET SUITE 412 CHICAGO IL 60654
Levin Joseph officer: CEO C/O IAC/INTERACTIVECORP 555 WEST 18TH STREET NEW YORK NY 10011
Lourd Bryan director C/O CAA 9830 WILSHIRE BLVD BEVERLY HILLS CA 90212
Eisner Michael D director C/O WALT DISNEY CO 500 S BUENA VISTA STREET BURBANK CA 91521-1010
Schiffman Glenn director, officer: EVP & CFO 555 WEST 18TH STREET NEW YORK NY 10011
Winiarski Gregg director, officer: EVP and GC IAC/INTERACTIVECORP 555 WEST 18TH STREET NEW YORK NY 10011
Schwerdtman Michael H officer: SVP and Controller (CAO) C/O IAC/INTERACTIVECORP 152 WEST 57TH STREET, 42ND FLOOR NEW YORK NY 10019
Stein Mark J officer: EVP & CSO ONE BRIDGE STREET SUITE 42 IRVINGTON NY 10069
Rosenblatt David S director C/O DOUBLECLICK INC., 111 EIGHTH AVENUE NEW YORK NY 10011
Hammer Bonnie S director 30 ROCKEFELLER PLAZA NEW YORK NY 10112
Zannino Richard F director C/O IAC/INTERACTIVECORP 555 WEST 18TH STREET NEW YORK NY 10011
Spoon Alan G director 1150 15TH ST NW WASHINGTON DC 20071
Iac/interactivecorp 10 percent owner 8750 NORTH CENTRAL EXPRESSWAY SUITE 1400 DALLAS TX 75231

IAC Headlines

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